Nwam LLC Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

Nwam LLC raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,632 shares of the basic materials company’s stock after buying an additional 6,502 shares during the quarter. Nwam LLC’s holdings in Cameco were worth $3,630,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after buying an additional 1,386,639 shares during the period. M&G PLC purchased a new stake in Cameco during the third quarter valued at about $66,227,000. Segra Capital Management LLC acquired a new stake in Cameco during the third quarter worth about $53,013,000. Fred Alger Management LLC raised its holdings in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after purchasing an additional 839,077 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after purchasing an additional 664,828 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Trading Up 2.5 %

NYSE:CCJ opened at $44.70 on Thursday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The business’s 50-day moving average is $50.23 and its two-hundred day moving average is $49.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market capitalization of $19.46 billion, a PE ratio of 159.64 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Research analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.